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  • #3,301
  • Sep 16, 2012 10:25am Sep 16, 2012 10:25am
Quoting lovejoy80
This little exercise should go a long way to highlight how to look at SR zones and SD zones and find the key decision points within them which tell us where to expect price to 'react' at.

There is a reason why I've uploaded the videos to my website in the order I have and why I have not yet uploaded anything on trading strategies (like the FTB strategy which the CJ setups were).

Knowledge of supply/demand, decision points and simple (but the most important) price action techniques centred around rejection, consumption and how we can see this via...
Fully Motivated ..........
Human
  • #3,302
  • Sep 16, 2012 1:48pm Sep 16, 2012 1:48pm
Hi All

I set up I spotted no doubt others have seen it what are your thoughs
Attached Image (click to enlarge)
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Constant and never ending improvement
  • #3,303
  • Sep 16, 2012 2:19pm Sep 16, 2012 2:19pm
Hi all

This one appears to me to be a FSB potential set up if price gets there
to me its a matter of level upon level next one above is 79.14
which to me mind adds weight to this trade.

Your thoughts ?
Attached Image (click to enlarge)
Click to Enlarge Name: usd jpy 78.90 short.jpg Size: 90 KB
Constant and never ending improvement
  • #3,304
  • Sep 16, 2012 4:31pm Sep 16, 2012 4:31pm
0.9745 -50 would be my focus on UCAD for an entry and 78.84 area on UJ (I don't have that spike below that area on my FxPro feed).

But both are setups I have marked for a trade.
  • #3,305
  • Sep 16, 2012 5:25pm Sep 16, 2012 5:25pm
Quoting lovejoy80
0.9745 -50 would be my focus on UCAD for an entry and 78.84 area on UJ (I don't have that spike below that area on my FxPro feed).

But both are setups I have marked for a trade.
Hi LJ

Thanks for the feed back i am pleased i have picked set ups you have marked for a trade

Your unstinting efforts on this thread to explain in detail your trading methods are appreciated. I have experience of s/d trading but have found it a struggle, you videos and explanation, is helping to clarify matters

Regards M
Constant and never ending improvement
  • #3,306
  • Sep 16, 2012 5:31pm Sep 16, 2012 5:31pm
Hi all

A FTB BO of old Demand
Attached Image (click to enlarge)
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Constant and never ending improvement
  • #3,307
  • Sep 16, 2012 8:08pm Sep 16, 2012 8:08pm
Hi
I have been using the 'alerts-ap-v4' indicator but I find on many charts that I cannot load it..I have no idea why. Also I find that it chimes on the half hour which is annoying. I also use the BAT_Alert which works fine but it is a single alert only.

I would really like a reliable SR alert so that I can place an alert above and below price on charts of interest. Can anyone suggest a good one?

many thanks

L
All that matters is winning the week
  • #3,308
  • Sep 17, 2012 4:26am Sep 17, 2012 4:26am
Quoting matk
Hi all

A FTB BO of old Demand
It's probably not one I'd be looking at. I'm more picky on crosses and thus would prefer looking at the 0.9423 area for a long and the 0.9818 area for a short.

Finding a HTF SR and searching for the supply/demand that caused the breakout and looking for a trade on price returning is a valid strategy and something I do at times - but I tend to focus on the less exotic pairs for this and at very key levels and/or in strong trends.
  • #3,309
  • Sep 17, 2012 4:39am Sep 17, 2012 4:39am
Hi Guys,


This one looks very interesting imo.
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  • #3,310
  • Sep 17, 2012 5:24am Sep 17, 2012 5:24am
Quoting Greenhaze
Hi Guys,


This one looks very interesting imo.
Yes, this looks a good one to me. If Indices decide to retrace somewhat there are a fair few good areas to be watching across the major indices.
  • #3,311
  • Sep 17, 2012 10:35am Sep 17, 2012 10:35am
My tp is 78 45 lets see if it gets there
Attached Image (click to enlarge)
Click to Enlarge Name: 2nd usd jpy.jpg Size: 92 KB
Constant and never ending improvement
  • #3,312
  • Sep 17, 2012 10:54am Sep 17, 2012 10:54am
Quoting matk
My tp is 78 45 lets see if it gets there
I'm targeting slightly higher at 56's and have tightened my SL.
  • #3,313
  • Sep 17, 2012 10:58am Sep 17, 2012 10:58am
hi

spotted this high speed bar at demand took retracement trade
Attached Image (click to enlarge)
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Constant and never ending improvement
  • #3,314
  • Sep 17, 2012 10:59am Sep 17, 2012 10:59am
Quoting matk
My tp is 78 45 lets see if it gets there
Hey Mat, ive been in the same since 78.82, TP1 78.44, TP2 78.32....its been painfully slow
No more DOH! trades
  • #3,315
  • Sep 17, 2012 11:02am Sep 17, 2012 11:02am
My other trade for today - short CJ based on a false break of the previous H1 swing. Entry @ 81.08 (got lucky with the retrace - entered at market as soon as I saw the setup and got lucky when the order hit as the retrace occurred - i.e. the retrace entry wasn't deliberate). SL @ 81.14 - no need for a SL above the bar or anything illogical like that on a setup like this.

Exited all at the FLS @ 80.88 for +3.3R
Attached Image (click to enlarge)
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  • #3,316
  • Sep 17, 2012 11:06am Sep 17, 2012 11:06am
Quoting lovejoy80
My other trade for today - short CJ based on a false break of the previous H1 swing. Entry @ 81.08 (got lucky with the retrace - entered at market as soon as I saw the setup and got lucky when the order hit as the retrace occurred - i.e. the retrace entry wasn't deliberate). SL @ 81.14 - no need for a SL above the bar or anything illogical like that on a setup like this.

Exited all at the FLS @ 80.88 for +3.3R
How did you know it was gonna be a false breakout ??? I though for a false breakout , price has to come and close back in .
Human
  • #3,317
  • Sep 17, 2012 11:07am Sep 17, 2012 11:07am
Quoting lovejoy80
My other trade for today - short CJ based on a false break of the previous H1 swing. Entry @ 81.08 (got lucky with the retrace - entered at market as soon as I saw the setup and got lucky when the order hit as the retrace occurred - i.e. the retrace entry wasn't deliberate). SL @ 81.14 - no need for a SL above the bar or anything illogical like that on a setup like this.

Exited all at the FLS @ 80.88 for +3.3R

I was watching CADJ and CHFJ but decided to stick with USDJ because didnt want double exposure.
No more DOH! trades
  • #3,318
  • Sep 17, 2012 11:11am Sep 17, 2012 11:11am
Quoting lovejoy80
I'm targeting slightly higher at 56's and have tightened my SL.

Hey LJ, do you keep your positions open overnight or do you kill them when NY closes or once they start to stall/stagnate?

Cheers
No more DOH! trades
  • #3,319
  • Sep 17, 2012 11:17am Sep 17, 2012 11:17am
This is why I had 55 area as a potential TP and was wary of the 65 area too (ignored supply turned demand that can be seen on the VLTF on the latter)
Attached Image (click to enlarge)
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  • #3,320
  • Sep 17, 2012 11:19am Sep 17, 2012 11:19am
Quoting Chanya
How did you know it was gonna be a false breakout ??? I though for a false breakout , price has to come and close back in .
It did, check out the H1 close on the prior bar, that was the FB bar.

Price then moved higher on the next bar before dropping to my FLS and shooting straight back up again to close higher.
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